CPKC(US:CP) ZACKSยท2024-10-18 14:20Core Insights - Analysts project Canadian Pacific Kansas City (CP) will announce quarterly earnings of $0.74 per share, a 7.3% increase year over year, with revenues expected to reach $2.66 billion, up 7.1% from the same quarter last year [1] - There has been a 0.5% upward revision in the consensus EPS estimate over the last 30 days, indicating analysts' reassessment of their forecasts [1] - The relationship between earnings estimate revisions and short-term stock price performance is highlighted as a significant factor for investors [1] Financial Metrics - The 'Adjusted Operating Ratio' is expected to be 61.8%, slightly up from 61.7% a year ago [2] - 'Carloads - Intermodal' are projected to be 434.08 thousand, down from 455 thousand year over year [2] - 'Carloads - Automotive' are estimated at 64.19 thousand, an increase from 58.5 thousand in the previous year [2] Additional Carload Estimates - 'Carloads - Grain' is projected at 127.87 thousand, slightly up from 127.4 thousand year over year [3] - 'Carloads - Metals, Minerals and Consumer Products' are expected to be 131.03 thousand, down from 133.7 thousand [3] - 'Carloads - Potash' is estimated at 46.21 thousand, up from 34.9 thousand in the same quarter last year [3] Comprehensive Carload and Revenue Metrics - 'Carloads - Energy, Chemicals and Plastics' are projected at 143.10 thousand, up from 139 thousand year over year [4] - Total 'Carloads' are expected to be 1,119.89 thousand, slightly down from 1.13 million [4] - 'Revenue ton miles (RTMs) - Total' is projected to reach 52,763.36 million, up from 49.32 billion in the same quarter last year [4] Stock Performance - Shares of Canadian Pacific Kansas City have decreased by 6.6% in the past month, contrasting with a 3.8% increase in the Zacks S&P 500 composite [4] - CP holds a Zacks Rank 2 (Buy), indicating expectations of outperforming the overall market in the near future [5]